163 Court St, Laconia, NH 03246
6,895 SF | Retail Building | Laconia, NH 03246 | $1,874,075 ($272/SF) | 6.75% Cap Rate
For Sale
Active
Asking Price $1,874,075
- Property Type
-
Retail
- Square Feet
- 6,895 SF
- Price / Square Foot
- $272
Listing Contacts
Todd Tremblay
Robert Horvath
- Property Info
Property Overview
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the condominium interest in a single-tenant, double-net leased Advance Auto Parts (“AAP”) investment property located at 163 Court Street in Laconia, New Hampshire (the “Property”). Advance Auto Parts has been at this location for 10 years and has 4+ years remaining on their lease with three (3), 5-year renewal options. The lease features 10% rent increases at the start of each of the renewal options. The Property is extremely well-located at the intersection of Fair Street and Court Street (US Route 3 Business), the area’s primary commercial corridor. Advance Auto Parts is part of the Faircourt Plaza and benefits from excellent visibility and frontage along Court Street (US Route 3 Business) in Laconia’s downtown/business district. This location allows for convenient and direct access to the Lakes Region of New Hampshire, and to Interstate 93 via US Route 3 the Lake’s Region’s primary commercial corridor.
Property Details
- Class
- C
- Year Built
- 2013
- Stories
- 1
- Property Subtype
- Freestanding
Highlights
- Long Term Lease
- Corporate Lease
- Minimal Landlord Responsibilities
- Recession Resistant Investment
- Strong Demographics
- Strong Traffic Counts
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